Supply Network Limited (ASX: SNL), which operates Multispares as a leading supplier of aftermarket parts to the road transport and logistics sector catering to trucks and buses in Australia and New Zealand, has released its FY2026 full-year market update. The company reported navigating a complex macro environment in the second half of FY2026, particularly as hostilities in the Middle East impacted diesel and lubricants pricing and product sourcing. Despite these challenges, Multispheres has maintained broad-based revenue growth across its diversified operations, successfully adding new customers and expanding business with existing clients.
The period saw significant investment, particularly in New Zealand, where a new branch opened in Rosedale, North Auckland in March 2026, which has been performing well beyond expectations. Further enhancements include racking expansion at the Hamilton distribution center due for completion in June 2026 and significant steps towards closer integration of New Zealand and Australian operating systems and staff. In Australia, the business focused on an extensive upgrade of IT systems, including migrating to a new browser-based sales interface, developing new warehouse scanning capabilities, and implementing a new ERP backbone. These upgrades are now operational and delivering immediate benefits, allowing the company to refocus on efficiency and customer service.
Key Australian infrastructure projects to be completed in FY2026 include the full integration of the Pemulwuy (Sydney) and expanded Truganina (Melbourne) distribution centres, demonstrating a scalable approach to network expansion. Looking ahead, SNL is gearing up for a substantial expansion of its Australian branch network. This includes tripling the footprint of its Eagle Farm branch, doubling the capacity of the Canberra branch, and relocating branches in Toowoomba and Koana to larger, more accessible sites. Additionally, the company has acquired land in Penrith to build a new branch, a project that will cost approximately $9 million and open in early FY2028, further improving service to Sydney’s northwest.
Supply Network Limited is optimistic about the growing global aftermarket parts industry, which is estimated to expand by 7% annually. The company is collaborating with international leaders to validate its positive long-term growth outlook and has targeted revenue growth of around $50 million in FY2027. To strengthen operational coordination, the role of General Manager, Australia has been expanded to Group General Manager, strengthening the senior management team in both Australia and New Zealand operations.
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